Cable Update (GBPUSD)
Hello traders. There is my view on things. 1. Put EMA 800 on weekly chart. Have you ever? No then do it. 2. Draw fibonachi lines from the top 2.0150 to 1.350 so drawing is prepared now. Lets discuss the current situation. As I resentlly found that when EMA 800 days is broken on weekly the huge trend continuation goes on. The brake down of EMA800 was in 6470 -6500 area. Now look at the chart nr.2 what happened in 2001 with pound very the same situation like now. You see it ?!!ok Another thing now look at fibonachi. Once 7050 will be broken it...
{quote} agree with your view, there are other techs pointing of further upside on GU in 2014. The tower bottom formation is apparent on HTF charts. Having said that, I'd rather wait for solid price action above 6800 on D1 charts, before building NET long GU position. However, pullback to 6640-80 area could be one of the last chances to buy GUs at a discount.
heads up {image}
{quote} Morning E have a good one.. still sell mode from 168 try and bail at 167
{quote} it looks like H&S don't u think, or is it just me?... breakout of the support would confirms this..
Correct H&S bottom target as indicated and support level for possible bounce or failure to target shown
Hello traders. There is my view on things. 1. Put EMA 800 on weekly chart. Have you ever? No then do it. 2. Draw fibonachi lines from the top 2.0150 to 1.350 so drawing is prepared now. Lets discuss the current situation. As I resentlly found that when EMA 800 days is broken on weekly the huge trend continuation goes on. The brake down of EMA800 was in 6470 -6500 area. Now look at the chart nr.2 what happened in 2001 with pound very the same situation like now. You see it ?!!
